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ICAI to study IPO valuation |
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February, 25th 2008 |
In the wake of a controversy relating to valuation of public issues, the government has directed the apex body of chartered accountants, ICAI, to conduct a study on the initial public offer pricing and suggest ways for protecting the interest of investors. |
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The government has asked the Institute of Chartered Accountants of India (ICAI) to study the issue of IPO valuation and system of stock movements. The ICAI will submit a report on the valuation of IPO in due course, Corporate Affairs Minister Prem Chand Gupta said. |
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